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Pan American Silver temporarily suspends mining in Peru

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(Kitco News) - Pan American Silver Corp. (NASDAQ, TSX: PAAS), the world’s second-largest primary silver producer, Tuesday reported that four mines in Peru are being temporarily suspended due to government-mandated restrictions.

The Peruvian government declared a state of emergency requiring a 15-day quarantine.

The mines are Shahuindo, La Arena, Huaron and Morococha. Pan American said it will conduct “care and maintenance” activities to make sure the mines remain ready to reopen.

"Our primary concern is the health and safety of our employees and contractors, and the communities in which they live and work," said Michael Steinmann, president and chief executive officer of Pan American.

The company said it was too early to determine the full impact on Peruvian operations for 2020.

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